Right to Acquire
The Right to Acquire scheme helps tenants in England and Wales buy their housing association home at a discount.
This scheme helps tenants in England and Wales buy their housing association home at a discount. You can get a discount on the price of your property from £9,000 to £16,000. The amount of discount you will get depends on where you live.
Do you have the Right to Acquire?
You may do if you:
- are a secure or assured tenant
- have been a public sector tenant for at least two years or five years if you became a public sector tenant after 18 January 2005
And you live in:
- a qualifying property
- a property that was built or acquired by a housing association, both charitable and non-charitable, with public funds from 01 April 1997 onwards
- a property that was transferred from a local authority to a housing association after 1 April 1997
You may be classified as a public sector tenant if you have previously lived in properties provided by your local authority, the Armed services, fire service or police authority.
You can get a discount on the price of your property from £9,000 to £16,000. The amount of discount you will get depends on where you live. If you have previously had a discount to help you buy a public sector home, this may be taken off your Right to Acquire discount.
Council tenants may have access to discounts on buying their property through the ‘Right to Buy scheme’.
You will not be eligible if
- you are a council tenant
- the courts have issued a possession order for you to leave your home
- you are undergoing bankruptcy proceedings
- you live in housing specially provided for older people and (in certain cases) disabled people